Alpha Metallurgical reports $11M Q1 net loss but sees rising coal prices and strong cash flow

Alpha Metallurgical Resources reported a net loss of $11 million for Q1 2026, improving from a $17.3 million loss in Q4 2025, amid lower coal volumes and higher costs driven by war-related diesel price increases. Adjusted EBITDA rose to $30 million, supported by higher coal prices averaging $124.39 per ton. The company maintains its cost guidance but warns prolonged geopolitical tensions could increase expenses. With $29 million in operating cash flow and $476 million liquidity, Alpha continues its $1.5 billion share repurchase program and expects better cost performance in later quarters.